COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 5249-01
Bill No.: HB 2347
Subject: Disabilities; Motor Vehicles; State Tax Commission; Taxation and Revenue - Property
Type: Original
Date: April 15, 2008
Bill Summary: Would lower the assessment percentage on modified vehicles that are medically necessary for transporting physically disabled people to 12 percent.
FISCAL SUMMARY
ESTIMATED NET EFFECT ON GENERAL REVENUE FUND |
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FUND AFFECTED |
FY 2009 |
FY 2010 |
FY 2011 |
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Total Estimated Net Effect on General Revenue Fund |
$0 |
$0 |
$0 |
ESTIMATED NET EFFECT ON OTHER STATE FUNDS |
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FUND AFFECTED |
FY 2009 |
FY 2010 |
FY 2011 |
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Total Estimated Net Effect on Other State Funds |
$0 |
$0 |
$0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 4 pages.
ESTIMATED NET EFFECT ON FEDERAL FUNDS |
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FUND AFFECTED |
FY 2009 |
FY 2010 |
FY 2011 |
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Total Estimated Net Effect on All Federal Funds |
$0 |
$0 |
$0 |
ESTIMATED NET EFFECT ON FULL TIME EQUIVALENT (FTE) |
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FUND AFFECTED |
FY 2009 |
FY 2010 |
FY 2011 |
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Total Estimated Net Effect on FTE |
0 |
0 |
0 |
☐ Estimated Total Net Effect on All funds expected to exceed $100,000 savings or (cost).
☐ Estimated Net Effect on General Revenue Fund expected to exceed $100,000 (cost).
ESTIMATED NET EFFECT ON LOCAL FUNDS |
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FUND AFFECTED |
FY 2009 |
FY 2010 |
FY 2011 |
Local Government |
$0 |
$0 |
$0 |
FISCAL ANALYSIS
ASSUMPTION
Officials from the Department of Elementary and Secondary Education and the State Tax Commission assume this proposal would have no fiscal impact to their organization or to local governments.
Officials from the Office of Administration, Division of Budget and Planning, the Department of Revenue, Linn State Technical College, and the City of Centralia assume this proposal would have no fiscal impact on their organizations.
Officials from the Metropolitan Community Colleges assume this proposal would have no significant fiscal impact to their organization.
Officials from Clinton County assume this proposal would cause a small loss of revenue to their organization.
Officials from the City of West Plains assume this proposal would have little to possibly no fiscal impact to their organization.
Oversight notes that this proposal identifies vehicles which have been modified to transport persons who are physically disabled but does not include any specific provisions for their valuation. Accordingly, Oversight assumes this proposal would have no fiscal impact to the state or to local governments.
FISCAL IMPACT - State Government |
FY 2009 (10 Mo.) |
FY 2010 |
FY 2011 |
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|
|
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$0 |
$0 |
$0 |
FISCAL IMPACT - Local Government |
FY 2009 (10 Mo.) |
FY 2010 |
FY 2011 |
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|
|
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$0 |
$0 |
$0 |
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
FISCAL DESCRIPTION
The proposed legislation appears to have no fiscal impact.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.
SOURCES OF INFORMATION
Office of Administration
Division of Budget and Planning
Department of Elementary and Secondary Education
Department of Revenue
State Tax Commission
Linn State Technical College
Metropolitan Community College
Clinton County
City of Centralia
City of West Plains
Mickey Wilson, CPA
Director
April 15, 2008